The import of lubricating oil additives without petroleum or bitumen oils to Germany is forecasted to grow steadily from 2024 to 2028. The expected annual import volume in 2024 stands at 30.089 million kilograms, marking an upward trend from previous years. The projected growth rate shows an annual increment averaging around 1.7%, with a cumulative growth of approximately 13.2% by 2028 compared to 2024.
Future trends to watch for include:
- Potential impacts of environmental regulations on the use and import of lubricating additives.
- Technological advancements in additive formulations that could influence demand.
- Shifts in the automotive and manufacturing sectors, which are major consumers of lubricating oils.
- Global supply chain dynamics that could affect import patterns to Germany.
